Egyptian Startup Suplyd Receives USD 1.6 Mn Pre-seed Funding

Endure Capital, Seedstars, Camel Ventures, Falak Startups, and a number of angel investors have invested USD 1.6 Mn in Suplyd, a procurement platform for Egypt’s HoReCa (hotels, restaurants, and catering) companies. With the new capital, Suplyd intends to scale its technology, grow outside of Cairo, and in the near future, look into other expansion options in the Middle East and North Africa (MENA) area.

Suplyd, a B2B platform founded in January of this year, helps firms in the food service sector run their supply chains more efficiently by enabling digital order procurement, payment, and fulfillment. Through its platform, restaurants may access various products on demand, saving them the time and labor required to source things elsewhere. Additionally, it guarantees that the businesses get the products at reasonable costs.